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Nonprofiteer
← BRONX NEIGHBORHOOD HOUSING SERVICES CDC INC

Form 990 for tax year 2024

Filed by BRONX NEIGHBORHOOD HOUSING SERVICES CDC INC.

Totals

Total revenue
$1,385,317
Total expenses
$1,334,182
Contributions and grants received
$1,077,877
Grants paid
$214,157
Program service revenue
$305,064
Investment income
$0
Other revenue
$2,376
Total assets, end of year
$869,818
Total liabilities, end of year
$183,581
Net assets or fund balances, end of year
$686,237
Program services expenses (Part IX)
$695,805
Management and general expenses
$581,286
Fundraising expenses
$57,091
Program service expenses (Part III)
$695,805

Program services were 52.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $45,865

  • 1e · Government grants (contributions)

    $799,671

  • 1f · All other contributions, gifts and grants

    $232,341

  • 2a · Program service revenue: Contracted services

    total $113,901 · related or exempt $113,901

  • 2b · Program service revenue: Program services

    total $191,163 · related or exempt $191,163

  • 8a · Fundraising events: contributions included on line 1c

    $45,865

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Other income

    total $2,376 · related or exempt $2,376

  • 11e · Other revenue, total

    $2,376

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $214,157 · program services $214,157

  • 5 · Compensation of officers, directors and key employees

    total $105,043 · program services $73,360 · management and general $31,683

  • 7 · Other salaries and wages

    total $486,127 · program services $330,654 · management and general $155,473

  • 10 · Payroll taxes

    total $58,903 · program services $41,232 · management and general $17,671

  • 13 · Office expenses

    total $59,318 · program services $2,532 · management and general $56,786

  • 16 · Occupancy

    total $74,999 · management and general $74,999

  • 22 · Depreciation, depletion and amortization

    total $6,258 · management and general $6,258

  • 24a · Other expenses: Equipment related

    total $12,752 · management and general $12,752

  • 24b · Other expenses: Professional fees

    total $225,556 · program services $17,946 · management and general $196,349 · fundraising $11,261

  • 24c · Other expenses: Gala and special events

    total $49,830 · program services $4,000 · fundraising $45,830

  • 24d · Other expenses: Board and staff related

    total $20,353 · program services $156 · management and general $20,197

  • 24e · All other expenses

    total $20,886 · program services $11,768 · management and general $9,118

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $284,013 · end of year $274,578

  • 3 · Pledges and grants receivable

    beginning of year $389,869 · end of year $487,188

  • 4 · Accounts receivable

    end of year $3,500

  • 7 · Other notes and loans receivable

    beginning of year $4,400 · end of year $4,400

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,891 · end of year $5,589

  • 10a · Land, buildings and equipment: cost or other basis

    $50,007

  • 10b · Land, buildings and equipment: accumulated depreciation

    $43,123

  • 10c · Land, buildings and equipment, net

    beginning of year $9,687 · end of year $6,884

  • 15 · Other assets

    beginning of year $12,000 · end of year $87,679

  • 17 · Accounts payable and accrued expenses

    beginning of year $52,019 · end of year $27,010

  • 19 · Deferred revenue

    end of year $30,000

  • 24 · Unsecured notes and loans payable

    beginning of year $22,739 · end of year $50,892

  • 25 · Other liabilities

    end of year $75,679

  • 27 · Net assets without donor restrictions

    beginning of year $418,791 · end of year $644,237

  • 28 · Net assets with donor restrictions

    beginning of year $216,311 · end of year $42,000

Mission and programs · 2024

Mission

To provide essential services to revitalize communities and address emerging needs while empowering residents to achieve self sufficiency

  • The organization provided services to residents in 2024 as follows:Project Help - 8 applications approved up to $20,000 per applicant;HELOC Assistance - 22 clients obtained HELOC loans of approximately $174,000 in total;Home Fix - We submitted 48 applications for home repair services;Home First Loan - 2 clients received Home First grant totaling $140,000. In addition we conducted online orientations resulting in 780 educated clients in 2024;In 2024 our Pre-Purchase department had 9 mortgage loan closings, 4 with grants assistance and 5 without;NYC AHC Grant - 2 clients received AHC grants of approximately $72,500 in total of benefits for closing and repairs;EmPower+ - 14 households were received total incentives of $108,731; 2 clients received benefits under PULP and 5 received benefits under WAP;The Clean Energy Program - We educated over 2700 individuals and had over 100 more referrals in other programs; Home Retention & Loan Modification - 11 applications were approved and 4 applications are pending responses from their lenders;Free Tax Preparation - In 2024, we served over 1700 families who received tax refunds of over $3,150,000;Network for Good - We sucessfully engaged our network of 5,780 contacts through various marketing strategies; We sent out 12 newsletters, delivering valuable updates and calls to action;Social Media - We grew our Facebook followers to 2,500 and Instagram to 975; Our Thanksgiving video received over 1,400 impressions:Outreach - We participated in and hosted approximately 26 events, sent out over 5,000 bulk mail flyers, and sucessfully received 2,733 intakes.

    Expenses $695,805

As filed on the 2024 return.

Listed in Part VII

  • Gladstone Johnson

    Executive Director

    Total calculated
    $115,546
    From this org
    $115,546
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Carmen Tomlinson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Marsha Allen Rule

    Director

    Total calculated
    $0
    Hours/week
    2

  • Georgina Holder

    Director

    Total calculated
    $0
    Hours/week
    2

  • Acinette Nelson

    Board Chair

    Total calculated
    $0
    Hours/week
    2

  • Bryan J Hutchinson

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Grace OSullivan

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Melody Crooks

    Treasurer

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
6 March 2025
IRS schema version
2024v5.0
Source object
202540659349301704

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